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Business Oil Prices: Saudi Arabia's Cuts Extends Nigeria's Lifeline
Crude oil price extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut. U.S. crude stockpiles probably fell for a fourth week through July 21, according to a Bloomberg survey data Wednesday. Oil remains in a bear market amid...- ProfRem
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Business OPEC Seals Deal, Crude Oil Price Breaks $50 Barrier
OPEC has agreed its first limit on oil output since 2008, an OPEC after Saudi Arabia said it was prepared to accept cut on production and agree to arch-rival Iran freezing output at pre-sanctions levels. An Organization of the Petroleum Exporting Countries, OPEC source told Reuters that members...- ProfRem
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